Sign into FXTrade

Don't have an account? Register now

NFP trading is for contrarians!

Posted by Dean Popplewell at 5:56 am EST, 11/06/2009

Capital Markets do not seem to get as apprehensive about non-farm payroll day. This week, dealers and investors are worn out by the ‘smoke and mirrors’ campaign from CBankers rhetoric. Nothing has changed, just a word here, a word there! The G20 will keep the current strategy at work, no risk taking for them, as it’s deemed too early for removal of any stimulus. But, the Aussies are a different bunch all together as they lead the way! So this [...] read more

Filed under: Dean's FX, USD, EUR, GBP, CHF, JPY, AUD, CAD
Forex Rates
Interest Rates

Some of OANDA's currency tools require Adobe's Flash Player.

Market Pulse »

IMF Gold Sales Could Be Bad News for the Dollar

Posted by Scott Boyd 4:59 pm EST, 11/03/2009

Gold hit a record high price today of $1,085.07 an ounce today after the International Monetary Fund announced that it had completed the sale of 200 tons of gold to India. The transaction took place over a period of two weeks and at an average price of $1,045 an ounce, the sale added nearly $6.7 billion to help boost the IMF’s finances. According to the IMF’s press release, the deal with India represents only about half of the total amount of [...] read more

Filed under: USD, EUR

Stock Market Index

A stock market index – or simply a market index – is used to evaluate the performance of a stock market or individual sector within the market. For this reason, market indices are often quoted by news services when describing current market conditions.

Forex Rumors »

PowerShares DB US Dollar ETF Runs Out of Shares-dollar bullish-calls ahead of NFP
Posted under: USD, EUR, GBP, CHF, JPY, AUD, CAD at 2:44 pm EST, 11/05/2009
Next
Previous

Economic Exposure »

US Unemployment Reaches 10.2 percent

Posted by Alfonso Esparza 10:01 am EST, 11/06/2009

The Non Farm Payrolls report resulted in a loss of 190,000 jobs in October. The figure came out above market expectations of around 175,000 and the big shock came with the unemployment rate that is not 10.2 percent, the hightest in 26 years. The September figure was revised down from a loss of 263,000 jobs to 219,000 and the only bright spot in the report. The economists are already forecasting worse figures going into November and December although it [...] read more

Filed under: USD

Central Bank Watch »

Norway’s Central Bank Raises Rates to 1.5 Percent

Posted by Alfonso Esparza 9:29 am EDT, 10/28/2009

Norway is the first European nation to raise rates, and the third worldwide. The 25 basis points increase raised the rate to 1.50% and out of the record lowest interest rate. Economic fundamentals have been strong in Norway, and made the decision much easier for the Norges Bank. Exporters will be hit by the appreaciation of the local currency as its rate differential begins to look attractive for investment. Scandinavia’s only non-European Union member came out of recession in the [...] read more

Filed under: EUR, GBP

Forex News Roundup »

UK Chancellor Calls For Continued Spending
Posted by: Scott Boyd 4:04 pm EST, 11/06/2009
Personal Insolvencies in UK Up 28%
Posted by: Scott Boyd 3:58 pm EST, 11/06/2009
Gold Breaks $1,100
Posted by: Scott Boyd 12:17 pm EST, 11/06/2009
US Unemployment Tops 10%
Posted by: Scott Boyd 9:04 am EST, 11/06/2009

Latest Articles

UK Chancellor Calls For Continued Spending
Posted by Scott Boyd at 4:04 pm EST, 11/06/2009
Personal Insolvencies in UK Up 28%
Posted by Scott Boyd at 3:58 pm EST, 11/06/2009
Gold Breaks $1,100
Posted by Scott Boyd at 12:17 pm EST, 11/06/2009
November
6
Today’s Global
Market Events
7:00am
CAD
Employment Change
10.0k vs. 30.6k
CAD
Unemployment Rate
8.5% vs. 8.4%
8:30 am
USD
Non-Farm Employment Change
-173k vs. -263k
USD
Unemployment Rate
9.9% vs. 9.8%
USD
Average Hourly Earnings m/m
0.1% vs. 0.1%
9:45 am
USD
FOMC Member Evans Speaks
10:00 am
USD
Wholesale Inventories m/m
-0.9% vs. -1.3%
11:30 am
USD
FOMC Member Duke Speaks
3:00 pm
USD
Consumer Credit m/m
-9.9b vs. -12.0b